It almost seems as if you're not overpaying though- if you have the vision to see what you are able to do to the property in order to increase value and rents, and are experienced enough to estimate the return accurately...

Generally speaking it takes more vision or creativity in LA for investors to locate and or create initial cash flow vs the non competitive areas. 

In my former life I was stuck in a position with limited potential and no vision for a great future.I was introduced by a friend to business and personal development training, and I learned that real estate is the path to my future.

I know that it would have to be someone that shares the same vision as me.  

My vision is to purchase the first property and use the equity to make a down payment for the next.

It does not need to be perfect some people have vision, others don't.

go buy a propertythis will get your feet wetdon't let people tell you noif you have the vision then act on itthe best thing for you to do is go look at properties find one you like and make the deal happenthe best way to learn is by doingif you do this you will understand how the process works, agents, title companies, county and cities,take big risks they reap big rewardsenjoy

Develop my networks as a PRO member and increase my acumen in preparation for overall vision for East/West Coast property portfolio.  

Fuzzy vision, no strategy, no real plan, goals all wonky and changeable.

I would like to find some investors/partners to work with in the Albany, Schenectady, Troy area who have a similar vision as myself.